Comcast to buy remaining 49 percent stake in Universal Studios Japan

Anjali Athavaley

1 Min Read

(Reuters) - Comcast Corp CMCSA.O said on Tuesday it would buy the 49 percent it does not already own in Universal Studios Japan (USJ) for 254.8 billion yen ($2.27 billion) as the No. 1 U.S. cable operator seeks to expand its Asian theme parks business.

A woman walks past the NBC logo and Comcast displayed at 30 Rockefeller Plaza, formerly known as the GE building, in midtown Manhattan in New York July 23, 2015. REUTERS/Brendan McDermid

The deal values the Japanese theme park operator at 840 billion yen ($7.5 billion), including the assumption of net debt.